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Chariot Oil Share Chat (CHAR)



Share Price: 11.50Bid: 11.25Ask: 12.50Change: -0.50 (-4.17%)Faller - Chariot Oil
Spread: 1.25Spread as %: 11.11%Open: 11.00High: 11.75Low: 11.50Yesterday’s Close: 12.00


Share Discussion for Chariot Oil (CHAR)


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FQ320MR
Posts: 1,449
Observation
Opinion:No Opinion
Price:16.25
Finncap
20 Aug '14
This farm-out was unsolicited and shows the resource potential in Brazil. We had not included any contribution from Brazil in our valuation so our target price remains unchanged at 42p. We view this farm-out as being positive for the company.

MR
 
FQ320MR
Posts: 1,449
Observation
Opinion:No Opinion
Price:16.25
==))
20 Aug '14
Malcy's Blog
After my recent meeting with Chariot I came away confident that things were going better than the market gives them credit for, the farm-out of this acreage at the top of the list of expectations. Today it is confirmed that AziLat has taken a 25% stake in the four blocks in the Barreirinhas Basin and will pay 50% of the costs of the 3D seismic leaving Chariot with 75% and operatorship. I expect further farm-out activity here and with all due respect, someone with more access to funds for when the expenditure starts to get meaty. Having said that I remain confident that Chariot is doing the right things and will not expose itself to costs that it will not be able to fund in the next year or so. Further de-risking the portfolio is expected before long and accordingly I feel that there is still considerable upside for Chariot.

MR
FQ320MR
Posts: 1,449
Off Topic
Opinion:No Opinion
Price:16.25
View Thread (3)
Wheepo
20 Aug '14
Your the one who first mentioned cars, sorry if you didn't want me to respond thought it was rhetorical.

Ps The EVO is for fun I hAve others for luxury as a few know on here, but giving a list would be pathetic wouldn't you agree Wheepo ?

Stick to Chariot it's what the board is for ..agreed ?

MR
mcfcnige
Posts: 2,923
Observation
Opinion:No Opinion
Price:16.25
View Thread (2)
RE: Glazing over
20 Aug '14
Looks like it..

I just hope they dont release the news on a Friday..
Pegasusmarine
Posts: 570
Off Topic
Opinion:Strong Buy
Price:16.25
View Thread (2)
Glazing over
20 Aug '14
.. In the meantime waiting for the centrals news ...
ENTANGLED
Posts: 376
Observation
Opinion:No Opinion
Price:16.25
malcy
20 Aug '14
Gster
Posts: 121
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:16.25
Prospects -convince us
20 Aug '14
Nice of them to update , timed maybe to keep SP above placing

Must try harder though .

Only thing that's going to shift this is the "secret deal" being partner with a drill committed ( with a date this quarter) or producing company.

Suspects and prospects
Wheepos right - char have not proved capable of delivering any shareholder value in the form of closing specific activity in a specific timeline .

They haven't finished the job on the original assets and are now chasing new rainbows .

In any business , Most prospects are defined by date of maturity and likelihood of success. Currently nothing in the portfolio has crossed the line from suspect to prospect.. What its has done though is stretched the time the business has to carry on doing what it is doing funded by others .

Time to be brought to task, deliver something shareholder value increasing within a short timescale .

Until they can prove they can convert data and acreage asset opportunity to drilling activity in a specific short timeframe this is going nowhere .

Brazil seismics --- what about the rest ? How long has that data room been open.,

Of course char could be backing up all these activities and boom the ducks all fall at once on the last years results its easy to see why the market doesn't give a monkeys though. A sensibly cynical board would question bold statements about shareholder value and ability of the operational team to deliver based on track record

Herd... My arse.
mcfcnige
Posts: 2,923
Observation
Opinion:No Opinion
Price:16.75
View Thread (4)
RE: RNS Brazil ..
20 Aug '14
Larry is being interviewed by Ben at Shareprophets today, hopefully we may get a little more on what is happening when the interview is written up..

Shareprophets has a good following, so hopefully it will kick things off for us..
MrJinx
Posts: 311
Off Topic
Opinion:No Opinion
Price:16.25
Unfortunately...
20 Aug '14
I think for a lot of p.i's, there is no gloss on having oiler shares until a drill schedule is announced. Today's RNS may be welcome news for us but for the non-invested, it hardly sets the world alight. It's just the day to day running of oil exploration.
aa111
Posts: 469
Observation
Opinion:Buy
Price:16.25
good news
20 Aug '14
could be the start of a decent rise... needed it!



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